$300M Powers Clean Energy Boom in Australia and NZ

Getting to 100% renewable energy sounds great until you ask the question: what happens when the sun isn't shining? A massive new investment is tackling that challenge head-on across two island nations.

I Squared Capital, a global infrastructure investor, just launched ANZA Power with $300 million in funding to build solar farms and battery storage systems throughout Australia and New Zealand. The company will combine clean energy sources with storage technology to deliver reliable power to commercial and industrial customers, solving one of renewable energy's biggest puzzles.

ANZA Power isn't starting from scratch. The company already has 80 megawatts of solar-hybrid plants lined up in Victoria and New South Wales, secured by 20-year agreements with a major customer. That long-term commitment creates the kind of revenue certainty that allows companies to invest confidently in lasting infrastructure.

Even better, construction on an additional 80 megawatts of renewable energy projects across both countries is expected to begin in the first half of 2026. That means new clean power coming online soon, not someday.

The timing couldn't be better for New Zealand, which is racing toward its goal of 100% renewable electricity generation. Battery storage systems have become crucial to that mission because they store excess solar and wind power when production is high, then release it when demand peaks or weather conditions change.

The Ripple Effect

This investment represents more than just new power plants. It's part of I Squared Capital's massive global bet on renewable energy, with the firm now managing over 10,000 megawatts of renewable capacity worldwide. Since 2014, the company has committed $7 billion to energy transition initiatives globally.

The launch follows other big moves by I Squared, including a late 2024 deal where its renewables platform acquired a German solar developer with plans to deploy over $580 million into agricultural solar projects by 2028. The strategy is clear: build locally anchored platforms that can grow alongside the businesses that need clean, reliable power.

For commercial and industrial customers in Australia and New Zealand, this means more options for powering their operations with clean energy without worrying about reliability. The combination of solar generation and battery storage creates what energy experts call "dispatchable power," meaning it's available when needed, not just when the sun cooperates.

The investment also signals growing confidence in the Asia-Pacific region's renewable energy future, with major global players willing to commit hundreds of millions to infrastructure that will serve these communities for decades.

Clean energy that works around the clock is no longer a dream, it's being built right now.